When is the fee due for failure to submit required reports for a Focalpoint Coaching franchise?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee(1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Failure to Submit Required Reports | $75 | As incurred | If you fail to send us the reports required by the Franchise Agreement, we may debit your account this amount on the 5th day of the month following your failure to submit the require reports. |
Source: Item 6 — Other Fees (FDD pages 14–20)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, if a franchisee fails to submit required reports, a fee of $75 is incurred. This fee becomes due 'as incurred.' Specifically, Focalpoint Coaching may debit the franchisee's account for this amount on the 5th day of the month following the failure to submit the required reports.
This means that if a Focalpoint Coaching franchisee misses the deadline for submitting a report in January, the $75 fee could be debited from their account on February 5th. It is important for franchisees to maintain accurate records and submit all required reports on time to avoid this fee.
Franchisees should ensure they understand exactly what reports are required, the deadlines for submission, and the method by which Focalpoint Coaching will debit the fee. Setting up reminders and maintaining organized records can help avoid incurring this fee. Paying attention to these details will help a Focalpoint Coaching franchisee maintain a good financial standing with the franchisor.